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Forward Air Corp has a consensus price target of $73.8 based on the ratings of 8 analysts. The high is $130 issued by Stephens & Co. on August 7, 2023. The low is $24 issued by Baird on August 8, 2024. The 3 most-recent analyst ratings were released by Baird on August 8, 2024, July 3, 2024, and May 10, 2024, respectively. With an average price target of $18.33 between Baird, there's an implied -42.74% downside for Forward Air Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Forward Air (NASDAQ:FWRD) was reported by Benchmark on August 12, 2024. The analyst firm set a price target for $0.00 expecting FWRD to fall to within 12 months (a possible -100.00% downside). 15 analyst firms have reported ratings in the last year.
The latest analyst rating for Forward Air (NASDAQ:FWRD) was provided by Benchmark, and Forward Air reiterated their hold rating.
The last upgrade for Forward Air Corp happened on May 28, 2024 when Wolfe Research raised their price target to N/A. Wolfe Research previously had an underperform for Forward Air Corp.
The last downgrade for Forward Air Corp happened on January 10, 2024 when Wolfe Research changed their price target from N/A to $50 for Forward Air Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Forward Air, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Forward Air was filed on August 12, 2024 so you should expect the next rating to be made available sometime around August 12, 2025.
While ratings are subjective and will change, the latest Forward Air (FWRD) rating was a reiterated with a price target of $0.00 to $0.00. The current price Forward Air (FWRD) is trading at is $32.02, which is out of the analyst’s predicted range.
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